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Insurers and consumer advocates clash over package of homeowner-protection bills
Summary
Four bills aiming to strengthen homeowner consumer protections (appraisal, arbitration, bad-faith claims and statute of limitations) drew support from contractors and consumer attorneys and opposition from insurers who warned the measures could spur litigation and raise premiums.
The House Committee on Corporations conducted a lengthy hearing on a quartet of bills (H 7515, 7516, 7517 and 7521) that proponents described as closing gaps in the appraisal and arbitration process, clarifying bad-faith causes of action, and updating statute-of-limitations rules for casualty claims.
Proponents included contractors and consumer attorneys who said the current appraisal and claims-handling processes can disadvantage homeowners, citing…
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